Thursday 14 April 2011

Warren Buffett back on the Japan to rebuild, sees "opportunity to purchase".

The 80-year-old American, who is nicknamed the "Sage of Omaha", said that the devastation had not changed the "economic perspective" of the Japan.

He argued that the components markets normally in the wake of major disasters. Speaking in Daegu, South Korea, Mr. Buffett said that the terrorist attacks on New York in 2001 "has not changed the future of the United States or the economic perspective of the United States." He said: "I feel exactly the same way after what happened to the Japan." "People in the Japan have the same energy, they have the same desire to move forward and the same resources to rebuild".

He added: "I look differently to... 10 days ago""Frequently, extraordinary events really create an opportunity to purchase".

His comments came as the largest companies of the Japan, began a second week of disturbances caused by a lack of power and supplies. Car manufacturers including Toyota, Honda and Nissan stated that most of their activities to the Japan remains closed this week.

Canon, largest manufacter of digital cameras in the world, said that it will be closed all three factories of camera home while Sony, Toshiba and Nikkon has warned of further disturbances.

Jamco, a Japanese company, making the galleys for the Boeing 787 Dreamliner, said delivery would be delayed if gasoline supplies are further pressed.

Mr. Buffett was to go to the Japan, but instead went to the opening of a factory belonging to Iscar Metworking, a metal firm Israeli once belonging to his investment vehicle, Berkshire Hathaway.

It also revealed that he was looking to make a large acquisition. "We envisage a number of large companies in Korea, the United States, the United Kingdom," he said "We hope to find good companies wherever they are." Basically, this is the biggest, best. »


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